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    Home»Crypto News»Motion (MOVE) Plummets After Prime US Crypto Trade Coinbase Axes Assist for the Layer-2 Undertaking – The Every day Hodl
    Motion (MOVE) Plummets After Prime US Crypto Trade Coinbase Axes Assist for the Layer-2 Undertaking – The Every day Hodl
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    Motion (MOVE) Plummets After Prime US Crypto Trade Coinbase Axes Assist for the Layer-2 Undertaking – The Every day Hodl

    By Crypto EditorMay 3, 2025No Comments2 Mins Read
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    The Ethereum (ETH)-based layer-2 undertaking Motion (MOVE) cratered to an all-time low on Thursday after Coinbase introduced it could axe buying and selling assist for the asset on Might fifteenth.

    Coinbase didn’t articulate a particular cause for the delisting, however the determination materialized a couple of weeks after Motion grew to become embroiled in an issue on one other prime crypto trade.

    In late March, Binance banned and froze the property of a market maker that operated for Motion.

    The layer-2 undertaking’s native token launched by way of Binance’s Airdrops Portal in December, however Binance mentioned that after MOVE was listed, the unnamed market maker bought roughly 66 million MOVE tokens on December tenth, with few purchase orders.

    The market maker ended up netting a revenue of $38 million price of the stablecoin USDT earlier than being offboarded final week.

    Motion makes use of Transfer, a programming language initially constructed by a consortium backed by tech big Meta for the now-defunct Diem undertaking. The language was then used to develop layer-1 blockchains Sui (SUI) and Aptos (APT).

    The MOVE token hit an all-time low of $0.185 at one level on Thursday. The One hundred and sixtieth-ranked crypto asset by market cap is buying and selling at $0.189 at time of writing and is down greater than 23% previously 24 hours.

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    Motion (MOVE) Plummets After Prime US Crypto Trade Coinbase Axes Assist for the Layer-2 Undertaking – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in online marketing.

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